Stock market special report by epic research 3rd july 2014

DAILY REPORT 03rd JULY 2014

Global markets at a glance Asian stocks hovered at a three-year high and the dollar rose early on Thursday after robust jobs data fuelled hopes that the U.S. nonfarm payrolls report would point to momentum building in the economy. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS stood little changed at 499.88, within a short distance of a three-year peak of 500.26 reached the previous day.

Tokyo's Nikkei .N225 gained 0.4 percent, buoyed by the weaker yen.

Wall Street Update US stocks ended one of their flattest sessions in years on Wednesday as a positive read on private sector employment wasn't enough to interest buyers ahead of the highly anticipated June payrolls report. The Dow ended 0.2 percent below 17,000, moving within 15 points of that milestone at its session high, while the S&P 500 was less than 1.5 percent under its own landmark of 2,000.

Both levels could serve as psychological barriers as the market trades at record highs.

World Indices Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong

Value

% Change

16976.24 1974.62 4457.73 3252.25 6816.37 15364.48 23578.04

+0.12 +0.07 -0.02 -0.20 +0.20 -0.04 +0.12

Top Gainers Company

CMP

Change

% Chg

SSLT

309.95

13.75

+4.64

NTPC

159.60

5.00

+3.23

BHEL

259.70

7.25

+2.87

LUPIN

1078.00

28.45

+2.71

394.00

9.55

+2.48

COLAINDIA

Top Losers Previous day Roundup Markets ended at fresh record highs on Wednesday as institutional investors bought stocks across the board on hopes that the Finance Minister would announce reforms to boost the economy. Finance Minister on Tuesday hinted at taking bold measures by discarding populism to curtail wasteful expenditure and making "reasonable" tax policies for reviving economic growth.

The S&P BSE Sensex gained 325 points or 1.2% at 25841.21 while CNX Nifty surged 90 points or 1.1% at 7725.15. Investors also cheered strong dollar inflow by foreign portfolio investors (FPIs) that has helped the rupee gain along with positive global cues and advancing monsoon. Moreover, broader markets also edged higher as BSE Mid-cap index ended higher by nearly 0.8% and BSE Small-cap index surged over 1%. The market breadth on the BSE ended firm as 1,908 shares advanced and 1,156 shares declined.

Company

CMP

Change

% Chg

HCLTECH INFY PNB GAIL TECHM

1480.15 3204.85 991.85 458.8 2105.8

17.40 16.20 4.65 2.00 3.10

-1.16 -0.50 -0.47 -0.43 -0.15

Prev. Close

Change

%Chg

ADANI PORTS

270.25

26.05

+10.67

BAJAJ-AUTO

2354.05

19.35

+0.83

618

8.00

+1.31

1617.25

86.8

+5.67

158.5

8.80

+5.88

Prev. Close

Change

%Chg

CMP

Change

% Chg

7710.30

+75.60

+0.99

25786.60

+270.25

+1.06

Stocks at 52 Week’s high Symbol

CENTURY TEX COLPAL EXIDEIND

Stocks at 52 Week’s Low Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 117.61pts], Capital Goods [up 274.45pts], PSU [up 105.53pts], FMCG [up 74.73pts], Realty [up 8.20pts], Power [up 44.86pts], Auto [up 223.38pts], Healthcare [up 214.49pts], IT [up 4.53 Pts], Metals [up 268.48pts], TECK [up 9.41pts], Oil& Gas [up 108.2pts].

YOUR MINTVISORY

Symbol

Indian Indices Company

NIFTY SENSEX

Call us at +91-731-6642300

DAILY REPORT 03rd JULY 2014

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. COAL INDIA FUTURE

STOCK RECOMMENDATION [CASH] 1. MAHALIFE

BUY COAL INDIA ABOVE 397 TGT 402-407 SL 392 MAHALIFE strong on daily chart. We advise buying around 565 level with strict stop loss 560 for the targets of 570-580 2. SUNPHARMA FUTURE

BUY SUN PHARMA ABOVE 700 TGT 708-716 SL 690

YOUR MINTVISORY

MACRO NEWS Banks sell hotel Leela & Bharati Shipyard debt to ARCs. JSW Group is eyeing the power assets of diversified infrastructure conglomerate Jaypee Group, reinforcing the growing trend that mergers and acquisitions (M&A) will drive the beleaguered power sector. The $11-billion Mumbai-based group has been in discussions to buy the Manoj Gaur-led Jaypee's power interests as it seeks to boost its fledgling energy business.

Bajaj Auto 's June sales declined 13 percent to 3.05 lakh units over the previous month, as motorcycle sales fell 16.3 percent. 2.62 lakh motorcycles in June, compared to 3.13 lakh in May. The company's three wheeler sales rose around 13 percent to 43263 units month-on-month, but were not enough to offset the weakness in motorcycle sales.

Diesel price may be deregulated over next 12 months: Moody's.

Standard Chartered Bank, ICICI Prudential Life ink bancassurance partnership.

Government defers raising LPG, kerosene prices in some states Call us at +91-731-6642300

DAILY REPORT FUTURE & OPTION

03rd JULY 2014

STOCKS IN NEWS Shriram Transport aims 8-10% asset growth in FY15' RCom to raise Rs 5,000 cr by selling real estate Jaiprakash Associates on Wednesday launched a share sale to institutional investors to raise up to $250mn.

State-owned Power Finance Corp has sent out request for quotations for a minimum Rs3bn (US$50.2m)multitranche bond sale.

GMR Infrastructure Ltd said today it is launching a share sale to institutional investors.

HDIL to sell commercial complex in Mumbai to cut debt.

MOST ACTIVE PUT OPTION Symbol

Op- Strike tion Price Type

LTP

Traded Volume (Contracts )

Open Interest

NIFTY

PE

7,600

88.5

1,54,625 26,37,850

NIFTY

PE

7,500

60.8

1,43,105 41,64,500

BANKNIFTY

PE

7,400

40.4

1,07,968 31,38,800

BANKNIFTY

PE

15,000

227

8,186

3,35,425

MCDOWELL-N

PE

2,400

37

2,853

2,07,750

RELIANCE

PE

1,000

20.15

1,574

4,55,000

ICICIBANK

PE

1,460

56.2

1,097

1,94,250

SBIN

PE

2,700

95.55

933

2,03,625

LTP

Traded Volume (Contracts)

Open Interest

NIFTY FUTURE

MOST ACTIVE CALL OPTION Symbol

Op- Strike tion Price Type

NIFTY

CE

8,000

50.4

2,09,073

67,84,250

NIFTY

CE

7,900

81

1,57,499

29,64,650

NIFTY

CE

7,800 123.85

1,48,626

36,77,750

BANKNIFTY

CE

16,000 280.1

10,601

4,46,200

MCDOWELL-N

CE

2,500

70

4,648

3,49,375

RELIANCE

CE

1,040 26.45

4,156

6,54,500

TATAMOTORS

CE

460 15.05

2,078

SBIN

CE

7,78,000 Nifty Future closed upside in the last trading session. We advise buying around 7760 levels with strict stop loss of 1,60,500 7710 for the targets of 7810-7860

2,800

77.9

2,050

FII DERIVATIVES STATISTICS BUY

SELL

OPEN INTEREST AT THE END OF THE DAY

No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts

Amount in Crores

NET AMOUNT

INDEX FUTURES

53142

2056.99

38657

1496.01

317595

12315.47

560.98

INDEX OPTIONS

178669

6890.73

163120

6268.16

1268594

49007.22

622.56

STOCK FUTURES

84348

3231.82

83718

3155.68

1484988

56874.09

76.14

STOCK OPTIONS

28902

1126.64

29202

1145.51

66873

2570.90

-18.87

TOTAL

1240.81

INDICES NIFTY BANK NIFTY YOUR MINTVISORY

R2

R1

PIVOT

S1

S2

7,766.72

7,745.93

7,711.62

7,690.83

7,656.52

15,579.28

15,534.82

15,534.82

15,474.83

15,370.38

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DAILY REPORT 03rd JULY 2014

COMMODITY MCX

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER SEP ABOVE 45200 TGTS 45450,45650 SL 44900 SELL SILVER SEP BELOW 44800 TGTS 44600,44300 SL 45050

COMMODITY ROUNDUP Nickel prices dropped 0.53 per cent to Rs 1,142.50 per kg in futures trade today in tandem with a weakening trend at the London Metal Exchange and sluggish demand from alloy-makers in the domestic spot market. At the Multi Commodity Exchange, nickel for delivery in July shed Rs 6.10, or 0.53 per cent, to Rs 1,142.50 per kg in a business turnover of 979 lots. August nickel lost Rs 5.90, or 0.51 per cent, to Rs 1,148 per kg in a turnover of 15 lots. The fall in nickel prices at futures trade was mostly in tune with a weakening trend in the base metals pack at the London Metal Exchange and subdued demand from alloy-makers at the domestic spot markets.

Singapore Gold was little changed below a three-month high on Thursday as investors awaited a string of key data releases later in the day to gauge the strength of the global economy and the fate of stimulus measures by central banks. Spot gold was flat at $1,326.10 an ounce by 0033 GMT, not too far from a 3-month high of $1,332.10 hit earlier in the week. COMEX gold and silver contracts show the most active months.

GOLD Copper futures fell 0.25 per cent to Rs 432 per kg today as speculators trimmed their positions amid a weak trend in global markets. Besides, rising stockpiles of the metal, monitored by the LME in Asia, also put pressure on prices.

At the MCX, copper for delivery in November declined by Rs 1.10, or 0.25 per cent, to Rs 432 per kg in a business turnover of five lots.

August copper fell by Re 1, or 0.22 per cent, to Rs 426.70 per kg in a business volume of 409 lots. A weak trend in copper overseas where it retreated from a 16-week high as some investors judged the recent rally was overdone, mainly weighed on metal prices at futures trade here. Globally, copper for delivery in three-months traded 0.40 per cent lower at USD 6,995 per tonne at the LME.

TRADING STRATEGY: BUY GOLD AUG ABOVE 27750 TGTS 27850,27980 SL 27650 SELL GOLD AUG BELOW 27500 TGTS 27400,27250 SL 27620

YOUR MINTVISORY

With sugar mills agreeing to give undertakings to the government to pay cane arrears, a mandatory clause to secure incentives, the government is set to notify a package for the revival of these mills.

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DAILY REPORT 03rd JULY 2014

NCDEX

RECOMMENDATIONS DHANIYA

NCDEX INDICES Index

Value

% Change

Castor Seed

4342

-2.05

Chana

2824

+0.89

11005

+0.14

Cotton Seed Oilcake

1645

-1.44

Guarseed

5435

-2.95

11140

-0.62

Mustard seed

3452

-0.46

Soy Bean

3950

-2.42

Sugar M Grade

3081

-0.39

Turmeric

6270

-3.83

Coriander

Jeera

BUY DHANIYA JUL ABOVE 11025 TGTS 1160,11090 SL 10990 SELL DHANIYA JUL BELOW 10940 TGTS 10900,10860 SL 10995 GUARSEED

BUY GUARSEED JUL ABOVE 5500 TGTS 5540,5580 SL 5470 SELL GUARSEED JUL BELOW 5450 TGTS 5410,5370 SL 5490 YOUR MINTVISORY

NCDEX ROUNDUP Cardamom prices fell 0.64 per cent to Rs 954 per kg in futures trade today after speculators reduced position on a weak trend at spot markets. Besides, adequate stocks position in the physical market on increased arrivals from producing belts put pressure on cardamom prices. At the MCX, cardamom for delivery in July traded lower by Rs 6.10, or 0.64 per cent, to Rs 954 per kg in a business turnover of 116 lots. The August contract shed Rs 4.50, or 0.48 per cent, to Rs 923.50 per kg in 26 lots. Attributed the fall in cardamom futures to subdued demand in the spot market against adequate stocks position.

Sugar prices fell by 0.52% to Rs 3,077 per quintal in futures trading yesterday as speculators indulged in booking profits at prevailing levels. Besides, a steady trend at spot markets following adequate stocks position on increased supplies from mills also put pressure on sugar prices. At NCDEX sugar for delivery in July declined by Rs 16, or 0.52% to Rs 3,077 per quintal with an open interest of 20,140 lots. Similarly, the sweetener for delivery in August contract shed Rs 11, or 0.35% to Rs 3129 per quintal in 21,060 lots. Analysts attributed the fall in sugar futures to profit- booking by speculators amid adequate stocks in the spot markets on increased supplies.

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DAILY REPORT 03rd JULY 2014

CURRENCY

RBI Reference Rate Currency

Rate Currency

Rupee- $

59.9745 Yen-100

Euro

82.0220 GBP

EUR/INR

Rate

59.0500 102.8982

CURRENCY ROUNDUP The Indian rupee posted on Wednesday its biggest singleday gain since mid-May and rose to its highest level in more than two weeks on the back of heavy dollar sales by custodian banks along with some corporate dollar inflows. The partially convertible rupee closed at 59.6875/6975 per dollar compared with 60.07/08 on Tuesday. The unit rose to 59.62, its strongest since June 13, while the day's low was 60.07.

The U.S. dollar clung onto modest gains early on Thursday, having risen broadly on the back of a report that showed solid hiring in the U.S. private sector.

SELL EUR/INR BELOW 81.71 TGTS 81.56, 81.41 SL 81.92.

BUY EUR/INR ABOVE 82.25 TGTS 82.40, 82.55 SL 82.04.

USD/INR

Crude oil fell about $1 on Wednesday on encouraging signs for supply from Libya and Iraq, notching the lowest close in almost three weeks despite a big draw in U.S. oil inventories. The movement in global crude, given the impact on inflation and the current account deficit, will be monitored. India imports nearly two-thirds of its oil needs. Oil fell towards $111 a barrel, its lowest in almost three weeks, on a possible substantial recovery in Libyan exports after rebels said they would reopen two oil terminals.

U.S. Treasuries yields rose on Wednesday after more robust than expected private-sector jobs data ratcheted up expectations for a stronger U.S. nonfarm payrolls report on Thursday. In the offshore non-deliverable forwards, the one-month contract was at 59.90, while the threemonth was at 60.48.

SELL USD/INR BELOW 59.81 TGTS 59.66, 59.51 SL 60.02.

BUY USD/INR ABOVE 60.24 TGTS 60.39, 60.54 SL 60.03.

YOUR MINTVISORY

The RBI said on Wednesday it accepted all 50 bids for 198.67 billion rupees ($3.31 bn) at its one-day repo auction, through which it injects liquidity into the banking system. Indian banks' refinancing with RBI rises to 328.27 billion rupees. Indian banks' cash balances with RBI fall marginally.

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DAILY REPORT 03rd JULY 2014

CALL REPORT PERFORMANCE UPDATES

Date

Commodity/ Currency Pairs

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

02/07/14

MCX GOLD

AUG.

BUY

27850

27900-27980

27730

NOT EXECUTED

02/07/14

MCX GOLD

AUG.

SELL

27640

27590-27490

27710

BOOKED PROFIT

02/07/14

MCX SILVER

SEP.

BUY

45250

45550-45790

45000

NOT EXECUTED

02/07/14

MCX SILVER

SEP.

SELL

44900

4472-44500

45100

BOOKED PROFIT

02/07/14

NCDEX GUARSEED

JULY

BUY

5635

5665-5705

5585

NOT EXECUTED

02/07/14

NCDEX GUARSEED

JULY

SELL

5570

5540-5490

5620

BOOKED PROFIT

02/07/14

NCDEX DHANIYA

JULY

BUY

10120

101500-10200

10070

SL TRIGGERED

02/07/14

NCDEX DHANIYA

JULY

SELL

10925

10895-10845

10975

BOOKED FULL PROFIT

02/07/14

GBP/INR

JULY

BUY

103.58

103.73-103.88

103.37

NOT EXECUTED

02/07/14

GBP/INR

JULY

SELL

103.28

103.13-102.98

103.49

BOOKED FULL PROFIT

02/07/14

USD/INR

JULY

SELL

60.29

60.14-59.99

60.50

BOOKED FULL PROFIT

02/07/14

USD/INR

JULY

BUY

60.54

60.69-60.84

60.33

NOT EXECUTED

CASH/ FUTURE/ OPTION

Strategy

Date

Scrip

Entry Level

Target

Stop Loss

Remark

02/07/14

NIFTY

FUTURE

BUY

7680

7730-7780

7630

NOT EXECUTED

02/07/14

CENTURY TEXTILE

FUTURE

BUY

605-610

620-635

590

NOT EXECUTED

02/07/14

HIND UNILEVER

FUTURE

BUY

632-636

642-648

625

NOT EXECUTED

02/07/14

GATI

CASH

BUY

125

127.5-130

122.5

SL TRIGGERED

01/07/14

JSWENERGY

FUTURE

BUY

81-82

84-85

78

BOOKED FULL PROFIT

01/07/14

IDFC

FUTURE

BUY

132-135

138-140

128

CALL OPEN

16/06/14

HINDUNILVR

FUTURE

BUY

635-640

655-675

610

NO PROFIT NO LOSS

YOUR MINTVISORY

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DAILY REPORT ECONOMIC CALENDAR

03rd JULY 2014

NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET)

REPORT

PERIOD

ACTUAL

CONSENSUS FORECAST

PREVIOUS

MONDAY, JUNE 30 9:45 am

Chicago PMI

June

64.7

65.5

10 am

Pending home sales

May

--

0.4%

TUESDAY, JULY 01 9:45 am

Markit PMI

June

--

57.5

10 am

ISM

June

55.7%

55.4%

10 am

Construction spending

May

0.5%

0.2%

TBA

Motor vehicle sales

June

16.5 mln

16.8 mln

WEDNESDAY, JULY 02 8:15 am

ADP employment

June

--

179,000

10 am

Factory orders

May

0.3%

0.7%

THURSDAY, JULY 03 8:30 am

Weekly jobless claims

6/28

N/A

N/A

8:30 am

Nonfarm payrolls

June

220,000

217,000

8:30 am

Unemployment rate

June

6.3%

6.3%

8:30 am

Trade balance

May

-$45.0 bln

-$47.2 bln

10 am

ISM nonmanufacturing

June

56.5%

56.3%

FRIDAY, JULY 04 Independence Day None scheduled Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable.

This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

YOUR MINTVISORY

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